Dec 27, 2012 5:00pm PST
editor tom vacar joins us to detail what it will cost taxpayers. >> reporter: indeed, more than a cliff for some. >> reporter: for more and more americans, the fiscal cliff is being viewed as a failure of government. >> they are on vacation, doing whatever they are doing. they don't care. >> i just don't think they will ever come to an agreement. both parties are so far apart that there is no common ground. >> reporter: if you make between 50-60,000 deal, taxes go up $92 per bye-weekly pay check. most employers will wait for the irs and will continue to deduct at the current rate. >> supposed to be pub luck servants and we can't get a compromise going. what is the right term? >> a lot of times it seems you are not being represented. you have interests over riding the people's concerns. that is an example of what happens in congress. >> the lowest income folks' check will shrink by 3%. top earners 6%. that says nothing of loss deductions or other unknowns. >> political parties need to stop looking at their platforms and look at what is best for americas. >> reporter: coming at 6:00 p.m.